St. Paul daily globe., 1887-03-17
IT is R A NEPANT.
The Real Estate Exchange Fires
Nine q rea mbles and Five Resolves
Into the fSGa rd Of Trade

The Real Estate Exchange Fires
Nine q reambles and Five Resolves
Into the ssOard OF Trade.
Ever since the Monday meeting of the
board of trade, at which the real estate men
were so roughly handled without gloves, a
deep sense Of injury has ranked in the
bosom Of the dealers in dirt. They felt the
charges and structures of the ancient Or
ganiZation were uncalled for and damaging
and they longed to get back at them: and at
the same time they determined TO do it in a
highly parliamentary way. The real estate
exchange was crowded to the doors, yester-
day. when order was called. The special
committee to crowd down the throat of the
board of trade the vile insinuatons sub
mitted report and the real estate men
leaned back and reveled in the nine where
ases and five resolves with which the COM
mittee gun was loaded. The report,
Simmered down, is as follows:
Preambles first, the board of trade con-
demns the real estate men; second, the
charges are false and deductions unreasona-
BILE; third, the board of trade is supposed to
exist for the good of the city; but, fourth, it
does not but on the other hand has injured
the city abroad, and has traduced that city
in the West which offers, of all, the richest in
ducementS to investors" and therefore the
board OF trade deserves WarmeSt censure;
fifth, the marvellous growth and progress of
Minneapolis has been largely due to the un-
wearying energy, judiciouS advertising and
ceaseless vigilance of her real estate men:
sixth, the prices of land in Minneapolis are
lower than in other cities of equal size in the
West, and facilities are better for the locating
of both capital and labor; seventh, the real
estate exchange is united for the common
good, to secure fair dealing and to place the
real estate bnSipRSS q fOundotinp nf inf
ence and permanency; eighth, recognizing
the good work done in the past by the board
of trade, and holding that the action of Nom
day was the work of a dozen men only; and
ninth, realizing that this is the time for united
work in fostering and protecting present
Minneapolis industries, and inviting others to
enter the field
Resolved. That the action of the Minneapo-
lis board of trade is at once disgraceful 10
themselves and liable to be injurious to the
city, tending to create abroad a false estimate
of the values which obtain in the Minneapolis
realty market;
Resolved, That the real estate exchange dep
recates the publication of such mendacious
statements and respectfully requests the
board of trade, in the interest of truth and of
the welfare of Minneapolis, to publicly recon-
slider its hasty resolution:
Resolved. That the real estate exchange
cordially invite the board of trade, through
Its committee on manufacture, to cooperate
with them in laboriug for the best interests
of Minneapolis b. the bringing hither to To-
cate of industries and desirable ventures of
all kinds, and by emitting henceforth to give
publicity to the idle and vituperative vapor-
ings of men whose best endeavors for the de-
veiopment OF Minneapolis have not surpassed
the labors of the real estate agents OF the city.
Resolved, That the real estate exchange, in
order to stamp with faisIty the statement that
real estate in Minneapolis is so high as to
debar new manufacturing concerns from To-.
eating here, hereby makes public the offer
which it has hitherto made in private, that it
will furnish, free of cost eligible sites for all
the manufacturing enterprises which the
beard of trade may induce to locate in Mime
apolis.
Resolved. That the real estate exchange dep
recates the policy of the newspapers of Min
neapolis in publishing the idle twaddle of
moneyed men when it is calculated to do uil-
warranted injury to the best interests of the
city, and urges upon the management of the
press of Minneapolis such careful supervision
of matter offered for publication as, while
publishing all true and justifiable items, shall
withhold all false and splenetic statements
regarding the city whose enormous growth
has given TO their journals their present met
ropolitan success.
These resolutions were unanimously
adopted and ordered spread on the records.